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Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets
Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Current Year Previous Year $259,200 $164,160 453,600 413,440) 97,200 30,400 178,200 97,280 340,200 261,440 72,900 79,040 218,700 170,240 < Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current year year Amount Percent Current Previous Previous year Amount year Percent Current assets $259,200 % $164,160 % Property, plant, and equipment 453,600 % 413,440 % Intangible assets 97,200 % 30,400 %
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